Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 551]

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1992]

UNIVERSITY OF ILLINOIS

539

Tuition and Fee Increase, Cost Recovery Programs, Urbana

(18) The Urbana-Champaign campus provides several academic programs on a "full cost recovery" basis, i.e., all costs are met through a combination of tuition and fee charges. All of the programs are offered through the College of Commerce and Business Adminstration and include the Executive MBA Program and the Program in Policy Economics. Tuition and fee requirements for each of these programs are reviewed and adjusted annually to ensure that adequate revenues are available to operate each program.

I

For Fiscal Year 1993, the following actions are proposed for the Executive MBA Program:

Executive MBA Program Proposed Tuition and Fees

FY 1993

FY 1991 $ 7 500 2 800 $10 300 FY 1992 $ 8 200 3 000 $11 200 Proposed, FY 1993 $ 9 050 3 150 $12 200 FY 1993 Increase $ 850 150 $1 000 (8.9 percent)

Tuition Fees Total

Each class pays the same tuition and fee charges for each of the two program years. Thus the tuition increase recommended for FY 1993 will affect only the students in the entering class of 1993. Total tuition revenue available for FY 1993 will be sufficient to cover projected academic program costs. A portion of the tuition increase is the result of increased credit hour requirements for completion of the degree. Students are now required to complete 18 hours of instruction, 2 hours greater than past requirements. Fee increases are required to maintain the current level of service for fee-supported activities. These include: housing and meal costs, books and materials, special orientation programs for beginning students, a variety of special travel and speaker series, and computer related services.

II

The Program in Policy Economics was established in 1986. The tuition and fee actions proposed for FY 1993 are as follows:

Program in Policy Economics Proposed Tuition and Fees

FY 1993

FY 1991 $11 250 2 500 $13 750 FY 1992 $12 035 2 675 $14 710 Proposed, FY 1993 $12 640 3 065 $15 705 FY 1993 Increase $605 390 $995 (6.8 percent)

Tuition Fees Total

The Program in Policy Economics is a specially designed, intensive program of study leading to a Master of Science degree in Economics. It is intended for promising, international administrators in government and private institutions who need additional training in areas of economic analysis and quantitative techniques. Additional funds are required in FY 1993 to provide for normal cost increases.